Over the last several years, many boards have ventured well beyond just having the standard three board committees: Audit, Compensation, and Nominating/Governance. Since each company is quite unique, we have always encouraged boards to design committee structures that work best for them. However, it’s always helpful to hear how other boards arrived at the committee structures they did.
In this episode, we welcome Cynthia Hostetler, Board Member & Finance Committee Chair of Vulcan Materials Co., to share her own board’s story. Hostetler outlines the criteria that may qualify your board to consider a Finance Committee. She also explains the function of the committee in relation to other traditional board committees.